Reuters

May 28

The Financial Times has identified possible compilation mistakes and biased adjustments in French economist Thomas Piketty’s statistics on the history of wealth distribution. More importantly, though, all Piketty’s wealth data suffers from a much more fundamental error: It cannot be telling us what he says it does. Reuters Opinion on the problem with the Piketty problem: http://reut.rs/1rh8eEa
Piketty’s response is slowly emerging. He published a robust, but fairly general, post in the FT. However, he also told Newsweek’s Leah McGrath Goodman that he was ambushed by the FT and not given proper time to respond. Read more at Counterparties: http://reut.rs/1tQ1Ilz
Piketty deserves credit for making his background data publicly available. Even so, the Frenchman’s spreadsheets would, in places, embarrass the greenest investment-banking analyst. Exhibit A is his habit of hard-coding adjustments into Excel formulas. Read more at Breakingviews: http://reut.rs/1tQ24Zx
Watch Thomas Piketty’s interview with Reuters’ Anna Louie Sussman about what is driving the income gap and what can be done to close it:  http://reut.rs/1tU9CdA

The Financial Times has identified possible compilation mistakes and biased adjustments in French economist Thomas Piketty’s statistics on the history of wealth distribution. More importantly, though, all Piketty’s wealth data suffers from a much more fundamental error: It cannot be telling us what he says it does. Reuters Opinion on the problem with the Piketty problem: http://reut.rs/1rh8eEa

Piketty’s response is slowly emerging. He published a robust, but fairly general, post in the FT. However, he also told Newsweek’s Leah McGrath Goodman that he was ambushed by the FT and not given proper time to respond. Read more at Counterparties: http://reut.rs/1tQ1Ilz

Piketty deserves credit for making his background data publicly available. Even so, the Frenchman’s spreadsheets would, in places, embarrass the greenest investment-banking analyst. Exhibit A is his habit of hard-coding adjustments into Excel formulas. Read more at Breakingviews: http://reut.rs/1tQ24Zx

Watch Thomas Piketty’s interview with Reuters’ Anna Louie Sussman about what is driving the income gap and what can be done to close it:  http://reut.rs/1tU9CdA

May 27

Nepal said on Tuesday it was investigating whether a Chinese woman, this season’s sole climber of Mount Everest from the Nepalese side, used a helicopter to reach a high camp after a deadly avalanche last month washed away part of the route. Read more: http://reut.rs/1tL46tE
(Photo credit:  REUTERS/Tim Chong)

Nepal said on Tuesday it was investigating whether a Chinese woman, this season’s sole climber of Mount Everest from the Nepalese side, used a helicopter to reach a high camp after a deadly avalanche last month washed away part of the route. Read more: http://reut.rs/1tL46tE

(Photo credit:  REUTERS/Tim Chong)

May 21

Smokers trying to quit are 60 percent more likely to report success if they switch to e-cigarettes than if they use nicotine products like patches or gum, or just willpower, scientists say. Read more: http://reut.rs/1qSsmfy

Smokers trying to quit are 60 percent more likely to report success if they switch to e-cigarettes than if they use nicotine products like patches or gum, or just willpower, scientists say. Read more: http://reut.rs/1qSsmfy

May 19

Can dogs sniff out prostate cancer? According to a study presented at the annual meeting of the American Urological Association in Orlando, highly-trained canines are able to detect prostate cancer in urine with 98 percent accuracy. Read more: http://reut.rs/1tbM6IN
(Photo credit: REUTERS/Carlo Allegri)

Can dogs sniff out prostate cancer? According to a study presented at the annual meeting of the American Urological Association in Orlando, highly-trained canines are able to detect prostate cancer in urine with 98 percent accuracy. Read more: http://reut.rs/1tbM6IN

(Photo credit: REUTERS/Carlo Allegri)

May 16

Displaying 80 people in a human zoo in Oslo’s most elegant park, two artists hope their “Congo Village” display will help erase what they say is Norwegians’ collective amnesia about racism. Read more: http://reut.rs/1qJdGiH
(Photo credit: REUTERS/Lise Aserud/NTB Scanpix)

Displaying 80 people in a human zoo in Oslo’s most elegant park, two artists hope their “Congo Village” display will help erase what they say is Norwegians’ collective amnesia about racism. Read more: http://reut.rs/1qJdGiH

(Photo credit: REUTERS/Lise Aserud/NTB Scanpix)

May 15

Honey bees, crucial in the pollination of many U.S. crops, are still dying off at an worrisome rate, even though fewer were lost over the past winter, according to the USDA. Read more: http://reut.rs/1sSn9So
(REUTERS/Laszlo Balogh)

Honey bees, crucial in the pollination of many U.S. crops, are still dying off at an worrisome rate, even though fewer were lost over the past winter, according to the USDA. Read more: http://reut.rs/1sSn9So

(REUTERS/Laszlo Balogh)

May 14

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May 09

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Children play soccer during sunset at a beach in Lima, Peru, December 26, 2008.  REUTERS/Enrique Castro-Mendivil
Stunning photos of soccer played around the world: http://reut.rs/1qmC9u4

Children play soccer during sunset at a beach in Lima, Peru, December 26, 2008.  REUTERS/Enrique Castro-Mendivil

Stunning photos of soccer played around the world: http://reut.rs/1qmC9u4

May 08

Artist Roy Lohr, 69, sits in a “spaceship” he built in his back yard from wine and beer bottles in Truth or Consequences, New Mexico May 2, 2014. The world’s first purpose-built commercial space base and soon-to-be site of the first space flights with Sir Richard Branson’s Virgin Galactic is near the town of Truth or Consequences in New Mexico. The inaugural flight into suborbital space should happen later this year and the first astronauts, who have made reservations and paid $250,000 for the flight, should follow a month later. While it’s not clear what the economic impact will be, many agree that Spaceport America should inject new energy into the town.REUTERS/Lucy Nicholson
See more photos: http://reut.rs/1j1emM7

Artist Roy Lohr, 69, sits in a “spaceship” he built in his back yard from wine and beer bottles in Truth or Consequences, New Mexico May 2, 2014. The world’s first purpose-built commercial space base and soon-to-be site of the first space flights with Sir Richard Branson’s Virgin Galactic is near the town of Truth or Consequences in New Mexico. The inaugural flight into suborbital space should happen later this year and the first astronauts, who have made reservations and paid $250,000 for the flight, should follow a month later. While it’s not clear what the economic impact will be, many agree that Spaceport America should inject new energy into the town.REUTERS/Lucy Nicholson

See more photos: http://reut.rs/1j1emM7